ROTH Capital Partners Completes $20 Million Follow-on Offering for

Telestone Technologies Corporation (TSTC)


For more information on how
ROTH can help you, please contact:

Investment Banking, China
Byron Roth
Chairman & CEO
(949) 720-5721

Robert Stephenson
Managing Director
(949) 720-5750

Marcus Tan
Managing Director
(86) (21) 6141 5757 ext. 7025

Mitch Truelock
Managing Director
(949) 720 7188

Sherry He
Vice President
(949) 720-

Josh Matthew, CFA
Vice President
(949) 720-7104

Equity Capital Markets

Aaron Gurewitz
Head of Equity Capital Markets
(949) 720-5703

Nazan Akdeniz
Senior Vice President
(949) 720-5740

Lou Ellis
Senior Vice President
(949) 720-5739


ROTH Capital Partners

Transaction Information
On November 24th, 2010, Telestone Technologies Corporation (NASDAQ: TSTC) announced the pricing of an underwritten public offering of 1,675,000 shares of its common stock at $12.00 per share. The offering of the shares was made pursuant to a registration statement previously filed with the Securities and Exchange Commission. ROTH Capital Partners acted as the sole book-running manager of the offering.

Client Information
Telestone is a leading innovator in local access network technologies and solutions. Telestone is a global company with 30 sales offices throughout China and a network of international branch offices and sales agents. For more than 10 years, Telestone has been installing radio-frequency based 1G and 2G systems throughout China for China’s leading telecommunications companies. After intensive research on the demands of carriers in the 3G age, Telestone developed and commercialized its third generation technology for the local access network, WFDS™ (Wireless Fiber-Optic Distribution System), which provides a scalable, multi-access local access network solution for China’s three cellular protocols. Telestone offers services that include project design, project manufacturing, installation, maintenance and after-sales support. Telestone Technologies has approximately 1,200 employees. (Source: Company Press Release)

ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on identifying opportunities for institutional investors in U.S.-listed equity securities of companies based in the U.S. and China.  Headquartered in Newport Beach, CA, with offices throughout the U.S. and a Shanghai Representative Office, the employee-owned firm provides analytical research, trading, capital raising, and business combination advisory services.  ROTH seeks to implement innovative financing strategies to efficiently meet the liquidity and valuation requirements of both its corporate and institutional investor clients.


The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2010